Business Loan In Pakistan (5Lakh-5 Crore) [Sharia Compliant]

Best-Banks-To-Get-Personal-Loan-In-Pakistan

Top 5 Banks To Get Personal Loan In Pakistan (Review)

by Waseem Akram with No Comment

In order to understand which bank offers the best personal loan in Pakistan, you must first consider what they are and how they work.

Personal loans differ from other types of loans in that it has more flexible terms and can be paid back over a longer period of time usually up to 5 years.

A personal loan in Pakistan is also typically cheaper than other types of loans, such as mortgages or car loans, because it has less stringent requirements and generally doesn’t require collateral.

If you want to get a personal loan in Pakistan and don’t know where to get it and which bank is best for you. Then there is a detailed review of the top 5 banks that personal loans on easy installments.

Recommended Reading:

Top 5 Banks To Get Personal Loan In Pakistan | Private Loan Lenders In Pakistan

Top 5 Banks To Get Personal Loan In Pakistan | Private Loan Lenders In Pakistan
What Are Personal Loans?
- List Of Top 5 Banks To Get Personal Loan (Recommended)
- FAQs | Personal Loan In Pakistan

What Are Personal Loans?

For most of us, a loan is money we borrow. But that’s not quite true with personal loans. The distinction is minor but important:

A personal loan in Pakistan is unsecured, which means there isn’t collateral behind it. A bank will lend you money because they believe your income and expenses are enough to pay back that debt.

If you need financing and don’t have enough liquid cash available to do it or if you have some sort of asset you can use as collateral it might be better to apply for a home equity loan or line of credit instead.

List Of Top 5 Banks To Get Personal Loan (Recommended)

State Bank Of Pakistan (SBP)

The State Bank of Pakistan offers personal loans. The bank’s average processing time is three days and annual interest rates are between 15% and 19%.

Criteria/Feature	Details
Requirement for Loan	SBP card is required for both personal and business loans
Interest Rates	Variable interest rates for personal loans, which can change based on market conditions. Typically higher than fixed-rate loans but offer flexibility
Loan Amount	Varies depending on the borrower’s creditworthiness and the bank’s policies
Repayment Terms	Typically, repayment terms are flexible, allowing for extra payments to lower the monthly payment or pay off the loan faster
State Bank of Pakistan (SBP) Details	One of Pakistan’s largest banks with 39 branches, 54 ATMs, and around 1,200 service outlets across Pakistan
Loan Type	No-frills personal loans offered by State Bank of Pakistan
Eligibility Criteria	Pakistani citizenship required (foreigners ineligible), residency in Pakistan for at least three years before applying, and a clear credit history
Loan Amount and Interest Rate	Varies depending on the bank’s policies and the borrower’s creditworthiness. Interest rates may range from 11% to 20% for personal loans. Business loan rates may vary.

Table: State-Bank-Of-Pakistan

Muslim Commercial Bank (MCB)

Top-5-Best-Banks-For-Personal-Loan-In-Pakistan

MCB is one of the largest banks in Pakistan, and they have a variety of personal loan in Pakistan options available. Their loans range from PKR 500,000 to PKR 100 million, so there’s something for everyone.

Criteria/Feature	Details
Loan Types	Personal loans, business loans, and car financing are available
Interest Rates	Interest rates range from 12% to 24% annually, depending on creditworthiness and payment history
Loan Amount	Varies based on the borrower’s creditworthiness and the type of loan applied for. Generally, loans range from PKR 500,000 to PKR 100 million.
Repayment Period	Loan lengths range from 12 to 36 months for personal loans
Repayment Schedule	Flexible repayment schedule
Application Process	Simple and quick application process, either online or over the phone
Document Security	Assured security of all documents handled by MCB staff during the application process
Customer Service	Strong customer service provided by MCB
Recommendation	MCB offers competitive interest rates, flexible repayment terms, and a straightforward application process, making it a good option for personal loans in Pakistan.

National Bank Of Pakistan (NBP)

The National Bank of Pakistan is the best bank when it comes to offering personal loans to its clients. With a wide range of financial products and services, from consumer loans to credit cards, NBP has what you need to take control of your finances.

Criteria/Feature	Details
Loan Types	Personal loans, including consumer loans and credit cards
Interest Rates	Interest rates starting at 16.3% annually
Loan Amount	Up to 1,000,000 rupees (approximately $9,600)
Repayment Period	Loan terms range from one to five years
Collateral Requirement	No collateral is required for personal loan in Pakistan.
Application Process	Online application available for convenience
Account Requirement	A checking account with NBP or an affiliated bank
Approval Criteria	Based on repayment history, credit score, and employment status; self-employed applicants require a business plan
Repayment Frequency	Payments are due once every six months; periodic statements are provided during repayment
Late Payment Fees	Late payments may result in additional fees
Customer Service	World-class customer service provided by NBP
Recommendation	With competitive interest rates, longer loan durations, flexible repayment options, and no collateral requirement, NBP personal loans offer convenience and affordability for borrowers in Pakistan.

Table: National-Bank-Of-Pakistan

Habib Bank Of Pakistan (HBL)

Habib Bank Limited (HBL) is considered to be one of the best banks for personal loans in Pakistan. Because it has a long tradition and history of over 60 years.

Criteria/Feature	Details
Loan Types	Personal loans
Loan Amount	Varies based on individual eligibility and requirements
Interest Rates	Competitive interest rates
Repayment Period	Flexible repayment periods
Branch Network	111 branches across major cities in Pakistan
Customer Service	24/7 customer support via phone, email, and mobile banking apps
Recommendation	With its long history, wide branch network, competitive interest rates, and flexible repayment options, HBL offers convenient and accessible personal loan in Pakistan to customers in Pakistan.

Table: Habib-Bank-Of-Pakistan

JS Bank

JS Bank is the best bank for personal loan in Pakistan. The bank has a wide range of financial products, including home and vehicle loans, education loans, personal financing solutions, and more.

Criteria/Feature	Details
Loan Types	Personal loans
Interest Rate	A flat rate of 9% for all loan amounts
Processing Fee	0.5% of the loan amount
Government Tax	3% of the loan amount
Repayment Period	Flexible repayment options
Upfront Payment	20-25% of the loan amount upfront
Online Banking	Easy online banking services
Customer Service	Responsive customer service via email or phone calls
Recommendation	With a flat interest rate of 9% for all loan amounts and easy online banking services, JS Bank offers competitive rates and convenience for personal loans in Pakistan.

Table: JS-Bank

FAQs | Personal Loan In Pakistan

Which bank gives Personal Loan In Pakistan at the lowest interest rates?

Meza Bank in Pakistan gives personal loan in Pakistan at the lowest interest rates through the car financing service IJARA (Leasing).

How much loan I can get if my salary is 50,000 (For 5 Years)?

You could get probably 1,000,000 to 1,500,000 Lakhs easily for 5 years if your salary is 50,000

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

5 Ways To Get Business Loans For Women In Pakistan

by Waseem Akram with No Comment

In Pakistan, various financial institutions and banks such as the State Bank of Pakistan, Meezan Bank, and the National Bank of Pakistan, offer Business Loans For Women to support female business owners.

These schemes feature attractive terms such as low mark-up rates, extended loan tenures, and significant risk coverage, making it easier for women to start or expand their businesses.

This article contains the top five ways to get business loans for women in Pakistan and elsewhere around the globe as Pakistani women.

Business Loans For Women | How To Get A Women’s Business Loan

5-Ways-To-Get-Business-Loans-For-Women-In-Pakistan

Business Loans For Women | How To Get A Women’s Business Loan

State Bank Of Pakistan Women Loan Scheme

Key Features

Interest Rate: Financing is offered at a mark-up rate of up to 5% per annum.
Maximum Loan Amount: Up to Rs. 5 million.
Loan Tenure: Up to 5 years, including a grace period of up to 6 months.
Risk Coverage: Up to 60% risk coverage is available for Participating Financial Institutions (PFIs).

Scheme Details

Refinancing: Provided by the State Bank of Pakistan (SBP) at 0% interest to PFIs for onward lending to women entrepreneurs at a maximum mark-up rate of 5% per annum.
Eligibility for Risk Coverage: Loans under this scheme are eligible for 60% risk coverage through SBP’s Credit Guarantee Scheme for Small and Rural Enterprises.

Aspect	Details
Scope & Eligibility	– Available to women entrepreneurs nationwide. – Loan period: Up to 5 years (including a grace period of up to 6 months). – Maximum financing limit: Rs. 5 million. – Purpose: Setting up new businesses or expanding existing ones. – Preferably provided under the personal guarantee of the borrower.
Participating Financial Institutions	All commercial banks and Development Finance Institutions (DFIs) are eligible to participate.
Rate of Mark-up	– End-user rate: Up to 5% per annum. – SBP refinance rate to PFIs: 0%.

Table: State Bank Of Pakistan Women Loan Scheme Detail

Meezan Bank Business Loan For Women

Key Features

Scheme: Refinance & Credit Guarantee Scheme for Women
Purpose: To enhance access to finance for female entrepreneurs as part of the Government of Pakistan and State Bank of Pakistan’s initiatives.
Provider: Meezan Bank

Details of the Scheme

Feature	Description
Eligibility Criteria	The maximum financing limit is PKR 5,000,000 (Rs. 5 million).
Financing Amount	The loan term can extend up to 5 years, including a grace period of up to 6 months.
Tenure	Loan term can extend up to 5 years, including a grace period of up to 6 months.
Pricing	The end-user rate will be up to 5% p.a.

Table: Meezan Bank Business Loan For Women

The National Bank Of Pakistan SME Loan For Women

Feature	Description
Refinancing	State Bank of Pakistan provides refinancing at 0% to participating financial institutions for onward lending.
Eligibility	Women entrepreneurs in underserved areas across the country.
Maximum Financing Amount	Up to PKR 1.5 million.
Loan Tenure and Grace Period	Loan duration can extend up to 5 years, with a grace period of up to 6 months.
Mark-Up Rate	End-user rate is capped at 5% per annum.
Purpose	Loans can be used for establishing new businesses or expanding existing ones.
Risk Coverage	60% of the outstanding principal amount is covered under the scheme.
Collateral Requirements	Loans should ideally be secured with the personal guarantee of the borrower, though collateral may be used as per SBP guidelines.

Table: Detail Of The National Bank Of Pakistan SME Loan For Women

The Akhuwat Foundation

Akhuwat also has an incubation program that provides a monthly stipend of PKR 50,000 to help female entrepreneurs while they start their businesses.

The foundation offers legal services, startup support, and mentoring to Pakistani women who are trying to become entrepreneurs.

Akhuwats goal is not only to make it easier for women in Pakistan but also to create more jobs and opportunities.

Akhuwat created a women-only bank that is run by women, with the goal of eventually becoming self-sufficient so they can offer other products and services to the public.

The Kashf Foundation

Pakistan has a thriving microfinance industry, with more than 400 local and international microfinance institutions and a market of 4.2 million borrowers.

The Kashf Foundation, a non-profit organization based in Karachi, Pakistan is working hard to level the playing field by providing loans for women entrepreneurs at no interest with flexible repayment terms.

They have provided more than 1.5 million loans totaling over $100 million since 2005 – each loan averaging about $500.

Some of the most popular industries where these loans are being used are healthcare, education, and beauty services.

Business Loans In Pakistan | FAQs

Top 3 platforms to get business loans in Pakistan?

Akhuwat, Kashaf Foundation, and Women Entrepreneurs Association of Pakistan are the Top 3 platforms to get business loans in Pakistan.

How much business loan amount women can get from Akhuwat Foundation?

Akhuwat Foundation gives PKR 50,000 business loans for women as a monthly stipend, which is actually interest-free.

If you like this article, please share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

3 Ways To Get An Interest-free Loan To Start A New Business In Pakistan

by Waseem Akram with No Comment

Many aspiring entrepreneurs have trouble getting the funds they need to start their businesses because they don’t qualify for bank loans and other financing options.

If you’re one of them, here are many different ways to get an Instant interest-free loan to start a new business in Pakistan and some of the pros and cons of each method.

Be sure to plan ahead before committing to any one option so that you can make the best decision for your business moving forward.

Here are 3 different ways to get an interest-free loan to start a new business in Pakistan.

Loan To Start A New Business In Pakistan | Online Loan To Start A New Business In Pakistan

Loan To Start A New Business In Pakistan | Online Loan To Start A New Business In Pakistan

Government Loans For Small Business In Pakistan

Many people in Pakistan are eligible for without-interest loans from the government. If you’re running a small business and need to borrow up to PKR 1,000,000 for up to five years, you may be able to get this without interest loans from the government.

This is beneficial because there are no additional fees or charges that come with it. The only downside is that getting this loan can take some time as the loan application process takes about three months to complete.

Interest rates on these loans depend on your credit score, which will determine whether you qualify for one of these loans or not.

Remember that if you don’t qualify for one of these loans, there are still other options available to help you get a without-interest loan in Pakistan!

Government Business Loan Schemes | Prime Minister Loan Scheme

Here is a simple table summarizing the two government schemes for interest-free loans for businesses in Pakistan:

Scheme	Description	Eligibility	Loan Amount	Terms
Youth Business Loan	Provided by the State Bank of Pakistan.	Ages 21-40, no prior business ownership experience.	Up to Rs. 2 million	Requires collateral, must repay within one year.
Prime Minister’s Interest-Free Loan Scheme	Available to all Pakistani citizens for self-employment enterprises or small-scale industrial or agricultural activities.	Over 18 years old, no prior business ownership experience. Existing business owners must show equity.	Up to Rs. 2 million	No collateral is required, and there is no requirement to repay within one year.

Table: Government-Business-Loan-Schemes

Bank Loans | Personal Loan To Start A New Business In Pakistan

The second way to get an interest-free business loan is from a bank. To get an interest-free business loan, you must show that you have a viable plan and that the bank can recoup its investment in your company’s success.

Bank	Loan Type	Loan Amount	Interest Rate	Repayment Period	Special Features
Bank Alfalah	without interest loan	Rs. 5 million – Rs. 25 million	As low as 6% per annum	12-36 months	Lower interest rates than personal credit lines.
United Bank Limited	without interest loan	Rs. 5 million – Rs. 25 million	As low as 6% per annum	12-36 months	Payments reduce the principal amount of the loan.
Habib Bank	without interest loan	Rs. 5 million – Rs. 25 million	As low as 6% per annum	12-36 months	Competitive interest rates, tailored for business needs.
Various Banks	Business Start-Up / Loan Guarantee Programs	Up to Rs. 5 million – Rs. 10 million	Higher rates due to low documentation or collateral required	Varies	Suitable for initial purchases like inventory and equipment.

Table: Personal-Loan-To-Start-A-New-Business-In-Pakistan

Personal Loans From NGOs | NGO Loan For Business

The third way to obtain a loan is from an NGO. Many NGOs offer interest-free loans to help people start businesses.

The loans are usually for small amounts, as the NGO wants to see you succeed and repay the loan.

Loan Type	Description	Amount Range	Duration	Profit Rate	Interest Rate	Application Fee	Mutual Support Contribution
Family Loan:	For starting or growing family businesses.	Rs. 10,000-50,000	10-38 months	0%	None	Up to Rs. 200	Optional 1% of loan amount
Agriculture:	For small farmers to buy supplies.	Rs. 10,000-50,000	4-8 months	Suggested	None	None	Optional 1% of loan amount
Liberation:	To pay off high-interest loans.	Rs. 10,000-100,000	10-36 months	Not specified	None	Up to Rs. 200	Optional 1% of loan amount
Housing:	For home repairs and building.	Rs. 10,000-100,000	Not specified	Not specified	None	Up to Rs. 200	Optional 1% of loan amount

Table: NGO-Loan-For-Business

Pros And Cons Of Getting A Business Loan

Pros	Details
Maximum Loan Amount:	Rs. 250,000
Number of Loans:	No limit on the number of loans you can take
Purpose:	Grow your company or use it for seed capital
Security:	Not needed
Business Assistance:	Help provided to come up with a business idea if you don’t have one
Interest Rate:	Interest-free loans
Repayment:	No profit made from your failure if you can’t repay
Local vs. International Loans:	Terms vary; local banks may offer better terms for entrepreneurs
Example:	ADB loans from Japan have stricter terms than local Pakistani banks

Table: Pros

Interest-Free Loan In Pakistan FAQs

What are government schemes to get an interest-free loan in Pakistan?

Youth Business Loan and Prime Minister’s Interest-Free Loan Scheme give interest-free loans for businesses In Pakistan.

Can we get Business Loans from International Banks?

Yes, we can get business loans from International Banks like ADB, World Bank, and many more.

If you like this article, please share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

How To Get Bank Islami Business Loan | Bank Islami Loan For Business

by Waseem Akram with No Comment

If you’re looking to start or expand your business, the Bank Islami Business Loan could be your key to success. We’ll help you figure out how much you can borrow and how to get approved.

With a specific focus on Small and Medium Size Enterprises (SMEs), Bank Islami Business Loan offers different funding types that suit every industry and business type.

Enterprise Type	Annual Sales Turnover	Financing Limit
SMEs	Up to Rs. 50 million	Up to Rs. 25 million
Medium Enterprises (ME)	Above Rs. 150 million and up to Rs. 800 million	Up to Rs. 200 million, including leased asset exposure from single or multiple banks

Table: Financing Limit

In this article, we will explain eligibility, requirements, and a step-by-step guide to getting Bank Islami Business Loan in a hassle-free way within a few days. So, let’s get started!

How To Get Bank Islami Business Loan | Bank Islami Interest-Free Loan for Business

How To Get Bank Islami Business Loan | Bank Islami Interest-Free Loan for Business
What Are The Requirements For Bank Islami Business Loan?
Basic Guidelines For Bank Islami Business Loan
- FAQs | Bank Islami Business Loan

What Are The Requirements For Bank Islami Business Loan?

Eligibility Criteria

Criteria	Requirements
For New Starting Business:
Citizenship	Pakistani
Identification	Valid CNIC
Age	21 to 60 years old
Minimum Monthly Income	Rs. 15,000
Employment	At least 6 months of employment
Credit History	Good credit history
Application Process	Fill out the form on the Bank Islami website
Additional Requirements:
Credit Score	Good credit score
Collateral	Some collateral required
Business Plan	Solid business plan
Business Potential	Demonstrated potential of the business
Loan Repayment Capability	Ability to repay the loan
Citizenship	Pakistani citizenship or residency
Age	At least 18 years old

Table: What-Are-The-Requirements-For-Bank-Islami-Business-Loan

Bank Islami Business Loan Requirements

Criteria	Small and Medium Size Enterprises (SMEs)	Medium Enterprises (ME)
Number of Employees	Up to 50*	Up to 51-250 for manufacturing and service ME <br> 51-100 for trading ME
Annual Sales Turnover	Up to Rs.50 Million	Above Rs.150 Million and up to 800 Million for all types of ME
Financing Allowed	Up to Rs.25 Million	Up to Rs.200 Million including leased assets exposure from single or all banks

Table: Bank-Islami-Business-Loan-Requirements

Bonus Tip: If any entity meets one criterion of ME and its second parameter falls above the upper limit prescribed by ME that entity would be classified as a corporate or commercial entity as the case may be.

How To Apply For Bank Islami Business Loan | Bank Isami Loan For Business Online Apply

How-To-Apply-For-Bank-slami-Business-Loan

Follow this exact scheme of steps to increase your chances of approval of a Bank Islami Business loan in Pakistan:

Steps to Apply for a Business Loan at Bank Islami	Description
1. Visit a Nearby Bank Islami Branch	Go to the nearest Bank Islami app or branch where professionals can assist you with the loan application.
2. Acquire the Business Loan Application Form	Obtain the application form designed for business loans, which serves as the initial step.
3. Complete the Application Form	Fill out the application form with accurate personal and business details, including financial information.
4. Attach Relevant Supporting Documents	Compile necessary documents such as business plans, financial statements, and ownership records.
5. Submit the Completed Application Form	Hand in the application form and supporting documents to initiate the review process.
6. Follow Up on Your Application	Stay in touch with bank representatives to monitor the progress of your application and provide any additional information if required.

Table: How-To-Apply-For-Bank-Islami-Business-Loan

Basic Guidelines For Bank Islami Business Loan

Guidelines	Summary
Age Limit:	Must be at least 21 years old, no maximum age limit. A valid ID and Social Security number are required. Business plans, financial statements, collateral, and good credit are also necessary.
Security Deposit:	A security deposit is required, which could be cash, property, or other assets, depending on the loan size and type.
Safety of Islamic Loan:	Taking a bank loan is safe if you research and work with a reputable lender. Consider individual circumstances and seek advice if needed.
Additional Purchases with Cash Credit:	Additional purchases are possible within the cash credit limit as long as credit is available. Credit limits can be increased based on funds availability.
Next Steps:	Visit the local Bank Islami branch to inquire about loan requirements, fill out paperwork, and await approval. Preparation and perfecting business plan advised.

Table: Guidelines-For-Bank-Islami-Business-Loan

FAQs | Bank Islami Business Loan

Bank Islami Contact Number and address?

Address: 11th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi.
Tel: 021-111 475 264
Email: contact.center@bankislami.com.pk

Bank Islami Credit Facility Application Form?

The credit Facility Application Form can be obtained from the listed branches of BIPL.

Types of Security against financing by Bank Islami?

Current Assets, Goods, Mortgage, Guarantees of

Proprietor/Partners/Directors/Mortgagor, and Counter Guarantee.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Small Business Loan In Pakistan | Business Loan In Pakistan

by Waseem Akram with No Comment

Business loans are one of the most popular ways to fund your business, especially when you’re just starting or need extra capital to finance an expansion.

Many banks and private lenders, offer different kinds of business loans in Pakistan, that you can apply for online and get approved within days.

It’s important to carefully research your options before applying for a business loan in Pakistan so you know which business loan fits your company best in terms of interest rates, repayment period, and security requirements.

In this article, we have enlisted top welfare organizations and banks that provide small business loans in Pakistan without collateral or at minimum requirements. So, let’s explore business loan opportunities without further delay!

Business Loan In Pakistan | Small Business Loan In Pakistan Without Collateral

Business Loan In Pakistan | Small Business Loan In Pakistan Without Collateral
What Type Of Business Financing Is Right For Me?

Government Loans For Small Business In Pakistan

In Pakistan, various government initiatives have been established to provide financial support to small businesses through loan programs e.g.

Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS)
Kamyab Jawan Program | Prime Minister’s Youth Entrepreneurship Scheme (YES).

These initiatives offer entrepreneurs the opportunity to secure loans ranging from PKR 5 Lakh to 75 Lakh (in some cases PKR 25 Million i.e. PKR 2.5 Crores), catering to a diverse spectrum of business needs.

The repayment tenure for these loans extends up to 10 years, providing flexibility for business owners to manage their financial obligations effectively.

These programs empower and encourage the growth of small businesses by providing accessible funding solutions that can pave the way for long-term success.

How To Apply For Government Loans For Small Businesses

Here is how you can apply for small business loans through Government Programs:

How to Apply	Details
Apply through the Government’s Portal:	Click on the link to access the application portal.
Select Bank:	Choose “Meezan Bank” from the list of banks.
Initial Screening:	Meezan Bank will start screening the provided information.
Evaluation:	Bank evaluates entrepreneurial potential based on financing policy.
Interview and Assessment:	Applicants will be invited for a case-by-case interview and assessment.
Verification:	The bank conducts verification for assessment and ongoing monitoring.
Decision:	Approval or rejection based on eligibility and policy communicated via SMS.
Financing Provided:	Successful applicants receive financing for asset/inventory purchases as per Shariah guidelines.

Table: How-To-Apply-For-Government-Loans-For-Small-Businesses

Top 3 Welfare Organizations In Pakistan To Get Small Business Loan In Pakistan

Loan Provider	Loan Amount	Key Services	Repayment Period
Akhuwat Foundation	Up to Rs. 500,000	Interest-free loans, financial literacy, and training	13 to 60 months
Pakistan Poverty Alleviation Fund (PPAF)	Rs. 450,000 to Rs. 500,000	Interest-free loans, training, capacity building, access to markets	13 to 48 months
Alkhidmat Foundation	Rs. 450,000 to Rs. 500,000	Small business loans, training, skill development, mentorship	13 to 48 months

Table: Top-3-Welfare-Organizations-In-Pakistan-To-Get-Small-Business-Loan-In-Pakistan

Best Banks To Get Loan For Business In Pakistan

Many banks in Pakistan provide loans for small businesses. But, we have shortlisted our top 3 banks to get loans for business in Pakistan. Here are the details:

Bank	Maximum Loan Amount	Age Limit	Key Features
Standard Chartered:	Up to Rs. 50 Million	45 to 60 years	Substantial financial assistance for businesses
Meezan Bank:	Up to Rs. 15 Million (SMEs)	Up to 60 years	Support for SMEs and Medium Enterprises (up to Rs. 25 Million)
Bank Alfalah:	Up to Rs. 15 Million	Up to 60 years

Table: BestBanks-To-Get-Loan-For-Business-In-Pakistan

What Type Of Business Financing Is Right For Me?

Before you apply for a business loan in Pakistan, it’s important to understand the different types of financing available and which one is right for your business.

The four main types of business loans are lines of credit, term loans, SBA loans, and merchant cash advances. Each has its own eligibility requirements, terms, and repayment options.

Term Loans

Term loans typically have higher rates than lines of credit but offer lower monthly payments. A business can also choose to repay a term loan in full at any time without incurring an early termination fee.

Lines of Credit

Lines of credit are generally cheaper than term loans but must be repaid on a schedule that matches the company’s operating needs.

SBA & Merchant Cash advance

A small business with little or no collateral may be eligible for an SBA or merchant cash advance if they need quick access to capital upfront.

Businesses should weigh their financial needs and look at all possible financing sources before deciding on one type of loan over another.

For more information about business finance solutions, contact our lending experts today!

What Is A Good Credit Score?

A good credit score is essential to obtain a business loan in Pakistan. The minimum credit score required to apply for a business loan in Pakistan is 650.

To get the best interest rate on your loan, you should aim for a credit score of 700 or higher. A good credit score shows lenders that you’re a responsible borrower who is likely to repay your loan on time.

A high credit score can also help you save money on interest and get access to more favorable loan terms. If your credit score is below 650, you may still be able to get a business loan, but you’ll likely pay a higher interest rate.

How To Improve Credit Score

You can improve your credit score by paying your bills on time, maintaining a good credit history, and using various types of credit.

How Long Does It Take To Approve My Loan Application To Get Approved?

It can take up to 30 days after you have submitted your application for a business loan in Pakistan before you get a response from the lender.

Make sure that you have all of the documents required by the lender so that they can process your application as quickly as possible.

FAQs | Small Business Loan In Pakistan

What are the Eligibility criteria for SME Business loans?

Minimum annual Income of the business. 1500,000

Minimum annual turnover Rs. 4,000,000.

How can I get a 5 lakh loan without interest in Pakistan?

An easy way to get a 5 lakh loan without interest is to apply for Akhuwat Organization loans from your nearby office.

Minimum salary to get a 5 lakh loan in Pakistan?

The minimum salary to get a 5 lakh loan is Rs.15,000/- Moreover, a credit score of 750 increases the possibility of getting a loan with low interest rates.

How much loan I can get with Rs,30,000/- salary?

To calculate the loan amount multiply your salary by 27x. e.g. with Rs,30,000/- salary, you can get 8.10 Lakhs.

Which banks in Pakistan offer small business loans with substantial financing?

Standard Chartered Bank is renowned for providing excellent small business loans, offering financing of up to PKR 50 Million for eligible businesses. They are a preferred choice due to their extensive support and financial assistance.

What is the maximum loan amount that SMEs can secure from Meezan Bank?

Meezan Bank is a reliable option for SMEs, granting loans with a maximum financing limit of PKR 25 Million. This funding can significantly aid in the growth and expansion of small and medium-sized enterprises.

How much loan support can startups and established businesses expect from Bank Alfalah?

Bank Alfalah caters to a wide range of businesses, including startups and established ventures. On average, startups and existing businesses can secure loans of up to PKR 15 Million.

What sets Standard Chartered apart as a preferred bank for small business loans?

Standard Chartered is widely considered a top choice due to its substantial loan amount of up to PKR 50 Million, making it an ideal option for businesses seeking significant financial support.

Meezan Bank’s SME and ME business loan maximum limit?

Meezan Bank caters to both Small and Medium Enterprises (SMEs).
Small Enterprises can get up to PKR 15 Million as a business loan from Meezan Bank.
While Medium Enterprises can also secure loans of up to PKR 25 Million from Meezan Bank.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Ihsaas-Trust-Loan-For-Business-In-Pakistan

Loan For Business In Pakistan Without Interest (25K-5Lakh) | Ihsaas Trust

by Waseem Akram with No Comment

Loan For Business In Pakistan: Founded in 2012, Ihsaas Trust has a vision to uplift the social well-being of the lives of underprivileged individuals in Karachi.

Ihsaas Trust offers interest-free micro-loans, and providing proven micro-business models, advisory services, and training, Ihsaas Trust aims to empower aspiring entrepreneurs and individuals in need of financial support.

The Trust’s commitment extends to facilitating small-scale enterprises, with loan limits reaching up to PKR 5 lakh for those looking to establish a business and PKR 25,000 for personal needs.

In this article, we will explore the eligibility criteria, the application process to get a loan for business in Pakistan without interest, and how it is changing the lives of poor ones in Pakistan, especially in Karachi.

Interest-Free-Loan-For-Business-In-Pakistan

Loan For Business In Pakistan Without Interest | Ihsaas Trust

Loan For Business In Pakistan Without Interest | Ihsaas Trust

Eligibility Criteria

To be eligible for Ihsaas welfare loans, individuals must meet the following criteria:

Criteria	Requirements
Gender:	Male
Age:	22-55 years
Employment:	Works
Documentation:	NADRA CNIC Holder
Experience:	1-year business experience, preferably in any field
Financial Responsibility:	No existing loan exceeding PKR 25,000
Personal Attributes:	Integrity, grit, motivation, and hardworking attitude
References:	2 to 3 references
Residency:	Resided in the area for the past 2 years
Financial Contribution:	Willingness to contribute a minimal token amount as investment

Table: Eligibility-Criteria-Loan-For-Business-By-Ihsaas-Trust

Ihsaas Trust Loan Schemes | Ihsaas Trust Loan Programs

Ihsaas Welfare offers two types of schemes/programs to assist the underprivileged:

Philanthropic Disbursement
Enterprise Facilitation

Philanthropic Disbursement	Enterprise Facilitation
Financial Support:	Overview:
Financial assistance for healthcare needs across primary, secondary, and tertiary sectors	Addressing the healthcare needs of Karachi’s underprivileged, emphasizing quality care
Ration Support:	Supporting Micro-entrepreneurs:
Direct cash transfers for purchasing rations, utilizing mobile payment solutions for swift disbursement	Assisting individuals in establishing and running micro-businesses
Where We Invest:	Program Stages:
Investing in immediate support for individuals and families through Zakat or Sadaqa	Selection of potential beneficiaries
Focusing on enabling recipients to become self-sufficient over time	Capacity development for micro-entrepreneurs
Enterprise Development:	Access to initial infrastructure
Assisting individuals in starting and managing micro-businesses

Table: Ihsaas-Trust-Loan-Schemes

Business Loan Schemes By Ihsaas Trust

Ihsaas Welfare/Trust offers business loan schemes tailored to empower micro-entrepreneurs, providing them with comprehensive end-to-end business advisory services.

The following points highlight key aspects of these schemes:

Micro-Entrepreneurs Empowerment	Micro Business Loan Facility	End-to-End Business Advisory Services
Ihsaas Trust focuses on empowering micro-entrepreneurs to drive economic growth and create employment opportunities within their communities.	Ihsaas Welfare offers interest-free loans to aspiring entrepreneurs for starting or growing their micro-businesses.	In addition to financial assistance, Ihsaas Welfare provides comprehensive business advisory services to loan recipients.
By providing interest-free business loans, the Trust enables individuals to establish and expand their micro-businesses without the burden of high interest rates.		Loans receive guidance in various aspects of business operations, including planning, marketing, and financial management, to effectively manage and grow their businesses.

Table: Business Loan Schemes By Ihsaas Welfare

Loan For Business In Pakistan Without Interest Online Apply | Ihsaas Trust

To apply for Ihsaas welfare Loans online, follow these step-by-step instructions:

Steps to Apply for a Loan with Ihsaas Trust
1. Visit the official website of Ihsaas Trust at https://ihsaas.pk/.
2. Navigate to the loan application section on the website.
3. Access the online application form by clicking the provided link or button.
4. Fill in your Full Name, Mobile Number, and CNIC No. (Computerized National Identity Card Number) in the required fields.
5. Review the filled application form for accuracy and completeness.
6. Click on the “Submit” or “Apply” button to submit your application.
7. Await verification and processing by the Ihsaas welfare team.
8. Be patient during this stage as verification and processing may take some time.
9. Expect communication from Ihsaas welfare regarding the status of your loan application.
10. Respond promptly to any queries or provide additional information if required.

Table: Ihsaas-Trust-Loan-Application-Form

FAQs | Loan For Business In Pakistan

How much loan anyone can get from Ihsaas Trust?

For personal needs, anyone can get up to a PKR 25,000 loan without interest from Ihsaas welfare.

How can I apply for a business loan from Ihsaas Trust?

To apply for a business loan from Ihsaas Welfare, you can visit their official website at https://ihsaas.pk/ and fill out the online application form.

Provide your full name, mobile number, and CNIC (Computerized National Identity Card) number as requested.

Is there an age limit to qualify for a business loan from Ihsaas Trust?

Yes, Ihsaas welfare has an age limit of 22 to 55 years for individuals seeking a business loan. Applicants must fall within this age range to be eligible.

What is the loan limit for starting a business through Ihsaas Trust?

Ihsaas welfare offers a loan limit of up to PKR 5 lakh for individuals who want to start a business. This amount can provide a significant boost to help entrepreneurs establish and grow their micro-businesses.

Can I apply for a loan if I don’t have any prior business experience?

It is preferred that applicants have at least one year of business experience, preferably in a micro-business like a fruit field.

However, the specific requirements may vary, and it is advisable to contact Ihsaas Welfare directly for further information regarding your eligibility.

What is the maximum loan limit for personal needs through Ihsaas Trust?

Ihsaas Welfare provides a maximum loan limit of PKR 25,000 for personal needs. This amount can assist individuals in meeting their immediate financial requirements.

Do I need to provide references when applying for a business loan?

Yes, Ihsaas Trust requires applicants to provide two to three references who can vouch for their credibility and character. These references play a part in the Trust’s due diligence process.

How long does it take for the loan application to be processed?

The processing time for loan applications may vary. Once you have submitted your application, it will be reviewed by the Ihsaas welfare team.

They will conduct the necessary verifications and background checks. It is recommended to patiently await communication from Ihsaas Welfare regarding the status of your application.

Are the business loans provided by Ihsaas Trust interest-free?

Yes, Ihsaas Trust offers interest-free business loans to support micro-entrepreneurs. This helps individuals focus on establishing and growing their businesses without the burden of high interest rates.

Does Ihsaas Trust offer any advisory services for loan recipients?

Yes, Ihsaas Trust provides end-to-end business advisory services to loan recipients. These services include guidance and support in various aspects of business operations, such as planning, marketing, and financial management.

The goal is to equip borrowers with the necessary knowledge and skills to manage and expand their micro-businesses effectively.

How much loan is offered by these organizations?

loan offered by these organizations:
Loan For Business amounts ranging from 25k to 5Lakh.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

How To Get SME Loan In Pakistan (Government+Private Sector)

by Waseem Akram with No Comment

Are you interested in applying for an SME loan? If so, you have come to the right place. In this blog post, we will discuss how to apply for the SME loan scheme in Pakistan (max PKR 2 crores).

We will provide you with information about the process, what documents you need to submit, and the eligibility criteria for SMEs and startup loans.

With this knowledge, you will be well on your way to applying for the SME loan scheme and hopefully receiving the funds you need to get your business up and running.

How To Get SME Loan In Pakistan | Business Loan In Pakistan

How To Get SME Loan In Pakistan | Business Loan In Pakistan
What Is The SME Loan Scheme?
Who is Eligible For The SME Loan Scheme?
Requirements For The SME Loan?
How To Get an SME Loan? (Top Sources)
Pros And Cons Of Getting an SME Loan
- FAQs | SME Loan

What Is The SME Loan Scheme?

The SME loan scheme, also known as the Small and Medium Enterprise loan scheme, is a government-funded program in Pakistan that provides financing to small and medium-sized enterprises.

The goal of the program is to help support and facilitate the growth of small businesses and encourage entrepreneurship across the country.

Through the SME loan scheme, businesses can apply for loans ranging from Rs. 50,000 to Rs. 2 crores, depending on their eligibility criteria and requirements. The scheme also offers benefits such as lower interest rates, longer repayment periods, and preferential terms for women-owned businesses.

Features	Details
Eligibility Criteria:	Businessman aged 22 to 65 years
Markup Mechanism:	Floating Markup (KIBOR + spread)
Pricing Criteria:	Variable based on the floating markup
Required Documents:	Loan Application Form, borrower’s profile, financial statements, property documents, etc.
Repayment Frequency:	Monthly, Quarterly, or lump sum

Table: features-of-SME-Loan

Who is Eligible For The SME Loan Scheme?

The Small and Medium Enterprises Development Authority (SMEDA) of Pakistan offers a variety of loan schemes to support small and medium enterprises (SMEs) in the country. The eligibility criteria for these loan schemes may vary, but generally, to be eligible for an SME loan in Pakistan, you must:

Enterprise Category	Criteria
Small Enterprise (SE)	Annual Sales Turnover: Up to PKR 150 Million
Medium Enterprise (ME)	Annual Sales Turnover: Above PKR 150 Million to PKR 800 Million
Start-up	A small or medium enterprise up to 5 years old
General Requirements	1. Be a small or medium enterprise as defined by SMEDA
	2. Be registered with relevant regulatory authorities in Pakistan
	3. Have a viable business plan demonstrating potential for growth and profitability
	4. Have a good credit history and financial standing
	5. Meet any other specific requirements set by the loan scheme you are interested in

Table: criteria-for-SMEs

Requirements For The SME Loan?

Incentive Scheme	Details
SME Asaan Finance (SAAF) Scheme
Eligibility	All new and operational SMEs that are new borrowers of the participating banks
Maximum Financing	Up to PKR 10 million
Loan Types	Term loans and working capital/running finance loans
Security	Loans may be secured against personal guarantees of the borrowers
Loan Tenor	As per the financing facility approved by the participating bank
Mark-up Rate	Up to 9% per annum for the end user
Risk Coverage	The government of Pakistan provides risk coverage on a first-loss portfolio basis:
Portfolio Category	Risk Coverage
Loans up to PKR 4 million	60%
Loans exceeding PKR 4 million and up to PKR 7 million	50%
Loans exceeding PKR 7 million and up to PKR 10 million	40%

Table: SME-SAAF-SCHEME

How To Get an SME Loan? (Top Sources)

SME Loan From SMEDA

Step	Process
Eligibility Check:	Determine if you meet the eligibility criteria for the specific loan scheme.
Document Gathering:	Collect necessary documents like proof of identity, business ownership, financial statements, and a business plan.
Application Submission:	Submit your loan application online through the SMEDA website or in person at an SMEDA office.
Decision Waiting Period:	SMEDA reviews your application and decides based on eligibility and the information provided.
Loan Agreement Signing:	If approved, sign the loan agreement and provide any additional required documents before loan disbursement.

Table: SME Loan From SMEDA

SME Loan From Banks

Several banks in Pakistan offer Small and Medium Enterprises (SME) loans to support the growth and development of small and medium businesses in the country. like SBP etc.

Here are the top five banks that give SME loans in Pakistan:

SME Loan from Banks
National Bank of Pakistan (NBP)
State Bank of Pakistan (SBP)
First Women Bank Limited (FWBL)
SME Bank
Bank of Punjab (BOP)
United Bank Limited (UBL)

SME Loan From Non-profit Organizations

Here are five organizations in Pakistan that offer interest-free loans to small and medium enterprises (SMEs):

SME Loan from Non-Profit Organizations	Organizations Providing Interest-Free Loans
Pakistan Poverty Alleviation Fund (PPAF):	Provides interest-free loans through its microfinance program.
Akhuwat:	Offers interest-free loans through its microfinance program.
Kashf Foundation:	Microfinance institutions provide interest-free loans through their microfinance program.
Grameen Bank:	Microfinance institutions offer interest-free loans through their microfinance program.
First MicroFinance Bank:	Provides interest-free loans through its microfinance program.

Table: SME Loan From Non-profit Organizations

Pros And Cons Of Getting an SME Loan

Pros of SME Loans	Cons of SME Loans
Access to Capital:	Debt:
Provides funding for businesses lacking traditional sources.	Adds debt burden if repayments are delayed.
Growth Investment:	Interest Costs:
Enables investment in new equipment, staff, or expansion.	Increases overall borrowing costs due to interest.
Improved Cash Flow:	Collateral Requirement:
Helps maintain a healthy cash balance for financial obligations.	May require collateral, risking assets if not repaid.
Flexibility:	Credit Risk:
Customizable loans with flexible terms and interest rates.	Difficult for businesses with poor credit to obtain loans.
Credit Rating Improvement:	Repayment Terms:
Timely repayments can boost credit rating for future financing.	Inflexible terms may strain business cash flow.

Table: Pros And Cons Of Getting an SME Loan

FAQs | SME Loan

Name of Authority that deals with SMEs in Pakistan?

Small and Medium Enterprise Development Authority (SMEDA) deals with SMEs in Pakistan.

Organizations that give Interest-free loan business in Pakistan?

Pakistan Poverty Alleviation Fund (PPAF)
Akhuwat
Kashf Foundation
Grameen Foundation
First MicroFinance Bank (FMFB)

These organizations give interest-free loans to small businesses in Pakistan.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Business Loan In Pakistan | Loan For Business In Pakistan Without Interest

by Waseem Akram with No Comment

Getting a business loan in Pakistan seems a really difficult and impossible task especially when you have just started your business or plan to launch your idea shortly.

Most of us don’t about the opportunities and sources to fund our business ideas. It results in frustration and helplessness among new/startups and eventually in the form of failure of their dreams.

These banks and organizations etc giving Business Loan In Pakistan:

Government Loans For Small Business In Pakistan | Business Loan In Pakistan Online Apply
- Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS)
- Kamyab Jawan Scheme | Youth Entrepreneurship Scheme (PMKJ-YES)
Private Loan Lenders In Pakistan | Non-Profi Organizations
- Akhuwat Foundation Business Loan
- Pakistan Poverty Alleviation Fund Interest-free Business Loan
- Alkhidmat Foundation Business Loan
Business Loan From Bank In Pakistan
- Standard Chartered Small Business Loan
- Meezan Bank Small Business Loan
- Bank Alfalah Small Business Loan

Luckily, there are plenty of sources to fund their new business or existing one in Pakistan, where anyone can get urgent cash to fund their business.

In this article, we will highlight key sources to get business loan in Pakistan, their eligibility, application process, and the amount of funding that you can get. So, let’s start our guide!

Startup Business Loan In Pakistan | Business Loan In Pakistan Online Apply

Startup Business Loan In Pakistan | Business Loan In Pakistan Online Apply

Government Loans For Small Business In Pakistan | Business Loan In Pakistan Online Apply

Business Loan In Pakistan: The Government of Pakistan has introduced a range of initiatives and programs that offer substantial financial aid to small businesses. Notably, two significant programs stand out:

Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS)

Prime Minister Youth Business and Agriculture Loan

This flagship initiative seeks to empower the youth and agricultural sectors by providing accessible financing options. Under this scheme, individuals can apply for loans ranging from a few thousand to several million rupees.

The flexibility of loan amounts accommodates a wide spectrum of business needs, from modest startups to more established enterprises. The program’s inclusive approach aims to encourage a diverse range of entrepreneurs to contribute to the nation’s economic progress.

Kamyab Jawan Scheme | Youth Entrepreneurship Scheme (PMKJ-YES)

Geared towards empowering the country’s young population, the Kamyab Jawan Scheme offers a comprehensive platform for youth entrepreneurship. Through this initiative, aspiring entrepreneurs can access loans ranging from PKR 5 lakh to an impressive 75 lakh.

This substantial funding is designed to fuel business growth and expansion, with a maximum repayment tenure of 10 years. The scheme not only provides financial assistance but also supports capacity-building efforts, ensuring that recipients are equipped with the necessary skills and knowledge to make their businesses thrive.

Private Loan Lenders In Pakistan | Non-Profi Organizations

Business Loan In Pakistan: When seeking financial support for business in Pakistan, individuals have the option to explore offerings from private loan lenders as well as reputable non-profit organizations. Here, we outline some prominent entities and their distinctive features:

Akhuwat Foundation Business Loan

Akhuwat Foundation stands as a beacon of philanthropy, providing interest-free microfinance solutions. The foundation’s business loan program aims to empower small entrepreneurs by offering loans with zero interest.

Loan Amounts: Varying from modest sums to more substantial amounts, depending on the specific business requirements.

Key Services: Beyond financial assistance, Akhuwat Foundation offers mentorship and training, equipping borrowers with valuable skills and knowledge to enhance their business acumen.

Pakistan Poverty Alleviation Fund Interest-free Business Loan

As a pivotal player in poverty reduction, the Pakistan Poverty Alleviation Fund (PPAF) extends interest-free business loans to uplift underserved communities.

Loan Amounts: Tailored to cater to different business scales, these loans empower entrepreneurs with accessible financing solutions.

Key Services: PPAF goes beyond loans, fostering an ecosystem of support through capacity-building programs and mentorship, fostering sustainable business growth.

Statistics	Numbers
Presence in 147 districts across Pakistan	137 Partner Organizations
Microcredit loans provided	8.4 million loans
60% loans to women	80% financing to rural areas
Interest-free loans provided under Interest-Free Loan Programme	2,460,000 loans
54% women beneficiaries
Productive assets transferred	196,400 assets
64% women beneficiaries	60 poorest districts covered
Health, education, water, and infrastructure projects completed	PKR 38,900 projects
Community Organizations and Credit/Common Interest Groups	586,900 organizations/groups

Table: Pakistan-Poverty-Alleviation

Alkhidmat Foundation Business Loan

Alkhidmat Foundation, committed to humanitarian causes, provides interest-free loans to enable entrepreneurship.

Loan Amounts: The foundation offers varying loan sizes, ensuring that entrepreneurs from different backgrounds can access financial aid.

Key Services: Alkhidmat Foundation supplements loans with skill development workshops and business training, nurturing the long-term success of

Business Loan From Bank In Pakistan

Business Loan In Pakistan: When it comes to obtaining business loans in Pakistan, several prominent banks stand out as reliable sources of financial support. Here, we present some of the most notable options, each with its distinctive features:

Standard Chartered Small Business Loan

Recognized as a premier choice for small business loans, Standard Chartered offers substantial financing opportunities.

Loan Amount: Entrepreneurs can secure financing of up to PKR 50 Million from Standard Chartered for their business ventures.

Eligibility Age Range: Applicants between the ages of 45 to 60 years are eligible to apply, ensuring accessibility for a broad range of experienced entrepreneurs.

Meezan Bank Small Business Loan

Meezan Bank emerges as a reliable partner for small and medium-sized enterprises (SMEs) seeking financial backing.

Loan Amount: SMEs can access funding up to PKR 25 Million, while Medium Enterprises (MEs) can secure the same amount for their business growth.

Age Limit: Aspiring borrowers should ensure their age does not surpass 60 years, aligning with Meezan Bank’s commitment to fostering dynamic entrepreneurship.

Type of Charges	Salaried	Businessmen
Processing Charges (Up Front)	PKR 2,500	PKR 2,500
FED on Processing Charges @ 13% to 16%	PKR 325 @ 13%	PKR 325
Income Estimation Charges	Not Applicable	At Actual
Documentation Charges	At Actual	At Actual
Old Vehicle Valuation Charges	PKR 2,000	PKR 2,000

Table: Meezan-Bank-Car-Loan-Processing-Charges

Bank Alfalah Small Business Loan

Bank Alfalah offers a diverse array of small business loans, tailoring financing options to meet the unique needs of entrepreneurs.

Loan Amount: The loan amount varies based on the applicant’s profile, providing flexibility for startups and existing businesses. On average, loans of up to PKR 15 Million can be secured.

Age Limit: Entrepreneurs can apply for loans until the age of 60 years, making Bank Alfalah’s offerings inclusive and accessible.

Pros And Cons Of Getting Business Loan In Pakistan

Business-Loan-In-Pakistan-Without-Interest

Pros Of Getting A Business Loan In Pakistan

Capital Infusion for Growth: One of the primary benefits of obtaining a business loan in Pakistan is the infusion of capital it provides.
Business Expansion Opportunities: With the availability of funding through business loans, entrepreneurs can seize growth opportunities that may otherwise be unattainable.
Improved Cash Flow Management: Business loans can help in better cash flow management, especially during periods of slow revenue generation or unforeseen expenses.

Cons Of Getting A Business Loan In Pakistan

Debt Burden: One of the significant downsides of taking on a business loan is the potential burden of debt.
Interest and Fees: Business loans often come with interest rates and various fees, such as processing fees and prepayment penalties.
Risk of Default: In cases where a business is unable to generate sufficient revenue to meet loan obligations, there’s a risk of defaulting on the loan.

FAQs | Business Loan In Pakistan

How do I get a Government loan to start a business?

The easy way to get a loan is by applying for Prime Minister Kamyaab Jawan-Youth Entrepreneurial Scheme (PMKJ-YES).

Which bank gives loans for business in Pakistan?

Now Almost all the banks give business loans in Pakistan once your application is approved in the PMKJ-YES program.

What are the advantages of obtaining a business loan in Pakistan?

Capital for Growth: Business loans provide the necessary capital to fuel your business’s expansion, hiring, and innovation efforts.
Expansion Opportunities: These loans enable you to seize growth opportunities by entering new markets or diversifying your product/service offerings.
Cash Flow Management: Business loans can help you maintain a steady cash flow, ensuring you can meet regular financial obligations even during slow periods.

What are the potential downsides of getting a business loan?

Debt Burden: The borrowed funds need to be repaid, potentially straining your business’s finances, especially if you face challenges or fluctuations in revenue.
Interest and Fees: Business loans come with interest rates and fees that can impact the overall cost of the loan, affecting your business’s profitability.
Risk of Default: If your business can’t meet loan obligations, defaulting can lead to legal actions, credit score damage, and potential loss of collateral assets.

Best banks to get business loans in Pakistan?

Standard Chartered: Known for its comprehensive small business loan offering, with a maximum financing of up to PKR 50 Million.
Meezan Bank: Offers SMEs and Medium Enterprises loans of up to PKR 25 Million to foster entrepreneurship and growth.
Bank Alfalah: Provides tailored loans with loan amounts averaging up to PKR 15 Million, accommodating diverse business needs.

How do government initiatives support business loans in Pakistan?

PMYB&ALS: The Prime Minister’s Youth Business & Agriculture Loan Scheme offers accessible financing options for youth and agriculture sectors.
PMKJ-YES: The Kamyab Jawan Scheme focuses on youth entrepreneurship, offering loans from PKR 5 Lakh to 75 Lakh.
PPAF Interest-free Loan: The Pakistan Poverty Alleviation Fund extends interest-free business loans to uplift underserved communities.

What role do non-profit organizations play in providing business loans?

Akhuwat Foundation: Offers interest-free microfinance solutions, providing loans with a focus on mentorship and training.
Alkhidmat Foundation: Provides interest-free loans and additional support through skill development workshops for aspiring entrepreneurs.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, We would love to answer all of your queries. Thanks for reading!

5 Easy Ways To Get Startup Business Loans In Pakistan | Startup Loan In Pakistan

by Waseem Akram with No Comment

Are you an entrepreneur in Pakistan looking for ways to finance your startup business? You may have considered applying for startup business loans. But, where do you start?

Fortunately, there are a variety of start-up loans available in Pakistan to help you get the funds you need to launch your business. In this blog post, we will explore the five best ways to obtain start-up business loans in Pakistan.

We will discuss the different loan types available, the criteria you need to meet, and the best places to apply for startup business loans.

With the right information, you can get the financing (Startup Business Loans) you need to get your business off the ground and running. So, let’s get started!

How To Get Startup Business Loans In Pakistan | Startup Loan In Pakistan

How To Get Startup Business Loans In Pakistan | Startup Loan In Pakistan
What Is Meant By Startup Business Loans?

What Is Meant By Startup Business Loans?

How-To-Get-Startup-Business-Loans-In-Pakistan

Startup business loans are loans that are specifically designed for businesses that are in the process of starting up or are relatively new. They can be used to finance a variety of business expenses, such as purchasing equipment, hiring staff, and marketing the business.

Startup business loans are typically provided by banks, financial institutions, and other lenders, and are often accompanied by certain requirements or restrictions.

It’s important to carefully review the terms and conditions of any startup business loan before accepting it and to work with a financial advisor or business mentor to ensure that it is the right fit for your business.

Now, let’s discuss some of the best options available for entrepreneurs in Pakistan. Following are our top five picks for you. So, let’s start!

Government Schemes

Startup Business Loans: Starting a business can be a daunting task, but luckily the government of Pakistan offers financial assistance to help you get your business off the ground.

There are a number of government programs in Pakistan like PM Youth program that offer startup business loans or other forms of support to small businesses. Some examples include:

Program	Description	Eligibility/Target Group	Loan Amount
Prime Minister’s Youth Business Loan:	Offers loans to young entrepreneurs in Pakistan.	Ages 21-45 with a viable business idea.	Up to PKR 2 million (USD 13,000)
SMEDA (Small and Medium Enterprises Development Authority):	Provides support and financing programs to SMEs in Pakistan.	Small and medium-sized enterprises (SMEs).	Up to PKR 10 million (USD 65,000)
Youth Development Fund:	Offers loans and grants to young entrepreneurs to start and grow businesses.	Young entrepreneurs.	Up to PKR 5 million (USD 32,500)
First Women Bank:	Provides financial services and support to women entrepreneurs, including the Small Business Financing Scheme.	Women-owned businesses.	Up to PKR 5 million (USD 32,500)

Table: Government-Startup-Business-Loan

Banks

Bank	Description	Loan Amount
Meezan Bank:	Offers a range of financing options for businesses, including the Meezan Business Financing Scheme.	Up to PKR 50 million (USD 325,000)
Tameer Microfinance Bank:	Provides loans and financing options for small businesses.	Up to PKR 500,000 (USD 3,250)
First MicroFinanceBank:	Offers loans and financing options for small businesses and startups.	Up to PKR 300,000 (USD 1,950)
Al-Habib Bank:	Provides a range of financing options for startup businesses, including the Al-Habib Business Finance Scheme.	Up to PKR 10 million (USD 65,000)

Table: Bank-Startup-Business-Loan

Non-profit Organizations

Startup Business Loans: There are a number of nonprofit organizations in Pakistan that offer startup business loans or other forms of financial assistance to small businesses. Some examples include:

Organization	Description	Loan Amount
Grameen Foundation	Offers microfinance products and services to improve the lives of the poor, especially women.	Up to PKR 200,000 (USD 1,300)
Akhuwat	Provides interest-free microfinance loans to low-income individuals and small businesses.	Up to PKR 100,000 (USD 650)
Kashf Foundation	Provides microfinance and financial inclusion services to low-income individuals and small businesses.	Up to PKR 500,000 (USD 3,250)
Rural Support Programs Network	Offers microfinance and enterprise development to improve the lives of rural communities.	Varies (loans and financial assistance)

Table: Non-profit-Organizations-Startup-Loan

Crowdfunding

Startup Business Loans: There are many different crowdfunding platforms available, and the best one for you will depend on your specific needs and goals.

Here are three popular platforms that you may want to consider for raising funds for a startup business loan:

Platform	Description
Kickstarter:	A crowdfunding platform focused on creative projects. Good for raising funds for creative businesses or products.
Indiegogo:	A crowdfunding platform open to a wide range of projects and industries. Offers flexible funding (keep funds even if goal not met) and fixed funding.
GoFundMe:	A crowdfunding platform primarily for personal causes, but can also be used for business loans and expenses.

Table: Startup-Loans-Via-Crowdfunding

Steps to Raise Funds through Crowdfunding

Step	Description
Choose a Platform:	Research and select the crowdfunding platform that best suits your business needs.
Create a Campaign:	Set up a campaign page with details about your business, funding goal, and any rewards for donors.
Build a Network:	Reach out to friends, family, and potential supporters. Use social media and online platforms to expand your reach.
Promote Your Campaign:	Actively share your campaign on social media, send emails, and reach out to media outlets or blogs to increase visibility.
Offer Rewards:	Provide rewards to donors as a thank-you for their support. Rewards can range from thank-you notes to products or services related to your business.
Be Persistent:	Keep promoting your campaign even if it starts slowly. Persistence and continuous promotion are key to a successful crowdfunding campaign.

Table: Steps-to-Raise-Funds-through-Crowdfunding

Peer-to-peer (P2P) Lending

Startup Business Loans: Peer-to-peer (P2P) lending is a form of crowdfunding in which individuals lend money directly to borrowers, bypassing traditional banks and financial institutions.

Here are three popular P2P lending platforms for startup business loans:

Platform	Description	Loan Amount
MicroLend:	Connects small businesses with individual lenders. Focuses on supporting women entrepreneurs.	Up to PKR 1 million (USD 6,500)
Branch:	Uses data and technology to assess credit risk and offer loans to small businesses.	Up to PKR 500,000 (USD 3,250)
Asaan:	Uses various data points to assess credit risk and offer loans to small businesses.	Up to PKR 500,000 (USD 3,250)

Table: Startup-Loan-Via-P2P-Lending

FAQs | Startup Business Loans

How to get Interest-free Startup Business Loans in Pakistan?

There are many non-profit organizations that give Interest-free Startup Business Loans in Pakistan e.g Akhuwat, Kashaf Foundation, and Grameen Foundation.

What are the top 5 crowdfunding platforms in the world?

Indiegogo
SeedInvest Technology
Mightycause
GoFundMe
StartEngine

These are the top 5 crowdfunding platforms in the world to raise funds for startups.

What are the top 3 peer-to-peer (P2P) lending platforms in the world?

Prosper
Upstart
StreetShares

are the top 3 peer-to-peer (P2P) lending platforms in the world right now.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Top 5 Banks To Get Personal Loan In Pakistan | Private Loan Lenders In Pakistan

Table of Contents

What Are Personal Loans?

List Of Top 5 Banks To Get Personal Loan (Recommended)

State Bank Of Pakistan (SBP)

Muslim Commercial Bank (MCB)

National Bank Of Pakistan (NBP)

Habib Bank Of Pakistan (HBL)

JS Bank

FAQs | Personal Loan In Pakistan

Which bank gives Personal Loan In Pakistan at the lowest interest rates?

How much loan I can get if my salary is 50,000 (For 5 Years)?

Business Loans For Women | How To Get A Women’s Business Loan

Table Of Contents

State Bank Of Pakistan Women Loan Scheme

Key Features

Scheme Details

Meezan Bank Business Loan For Women

Key Features

Details of the Scheme

The National Bank Of Pakistan SME Loan For Women

The Akhuwat Foundation

The Kashf Foundation

Business Loans In Pakistan | FAQs

Top 3 platforms to get business loans in Pakistan?

How much business loan amount women can get from Akhuwat Foundation?

Loan To Start A New Business In Pakistan | Online Loan To Start A New Business In Pakistan

Table of Contents

Government Loans For Small Business In Pakistan

Government Business Loan Schemes | Prime Minister Loan Scheme

Bank Loans | Personal Loan To Start A New Business In Pakistan

Personal Loans From NGOs | NGO Loan For Business

Pros And Cons Of Getting A Business Loan

Interest-Free Loan In Pakistan FAQs

What are government schemes to get an interest-free loan in Pakistan?

Can we get Business Loans from International Banks?

How To Get Bank Islami Business Loan | Bank Islami Interest-Free Loan for Business

Table of Contents

What Are The Requirements For Bank Islami Business Loan?

Eligibility Criteria

Bank Islami Business Loan Requirements

How To Apply For Bank Islami Business Loan | Bank Isami Loan For Business Online Apply

Basic Guidelines For Bank Islami Business Loan

FAQs | Bank Islami Business Loan

Bank Islami Contact Number and address?

Bank Islami Credit Facility Application Form?

Types of Security against financing by Bank Islami?

Business Loan In Pakistan | Small Business Loan In Pakistan Without Collateral

Table of Contents

Government Loans For Small Business In Pakistan

How To Apply For Government Loans For Small Businesses

Top 3 Welfare Organizations In Pakistan To Get Small Business Loan In Pakistan

Best Banks To Get Loan For Business In Pakistan

What Type Of Business Financing Is Right For Me?

Term Loans

Lines of Credit

SBA & Merchant Cash advance

What Is A Good Credit Score?

How To Improve Credit Score

How Long Does It Take To Approve My Loan Application To Get Approved?

FAQs | Small Business Loan In Pakistan

What are the Eligibility criteria for SME Business loans?

How can I get a 5 lakh loan without interest in Pakistan?

Minimum salary to get a 5 lakh loan in Pakistan?

How much loan I can get with Rs,30,000/- salary?

Which banks in Pakistan offer small business loans with substantial financing?

What is the maximum loan amount that SMEs can secure from Meezan Bank?

How much loan support can startups and established businesses expect from Bank Alfalah?

What sets Standard Chartered apart as a preferred bank for small business loans?

Meezan Bank’s SME and ME business loan maximum limit?

Loan For Business In Pakistan Without Interest | Ihsaas Trust

Table of Contents

Eligibility Criteria

Ihsaas Trust Loan Schemes | Ihsaas Trust Loan Programs

Business Loan Schemes By Ihsaas Trust

Loan For Business In Pakistan Without Interest Online Apply | Ihsaas Trust

FAQs | Loan For Business In Pakistan

How much loan anyone can get from Ihsaas Trust?

How can I apply for a business loan from Ihsaas Trust?

Is there an age limit to qualify for a business loan from Ihsaas Trust?